Lake Tonopah Apartments is a 1996 constructed, 356-unit Class B asset located north of the Las Vegas Strip and caters to “Seniors’ Only/55+” residents. OpenPath Investments acquired this asset with a healthy renovation budget to recapitalize the asset and cure all deferred maintenance to bring it back to a level of “Best-in-Class” in the surrounding sub-market.
Year Built: 1996
No. of Units: 356
Acquisition Date: November 2015